Gold Near 3-Month Peak as Dollar Dips and Treasury Buyback Supports Prices
TL;DR
Gold sits near a three-month high as a softer dollar and U.S. Treasury bond buybacks support prices; spot gold is about $4,643/oz with futures near $4,700, and the metal has surged more than 15% this month. Investors await inflation data and a potential dovish signal from the Fed at Jackson Hole, which could extend the rally, while a hawkish surprise could cap gains.
- Gold hovers near three-month high on dollar weakness, Treasury bond buyback plans CNBC
- Gold’s Rally Pushes Price To Highest Level In 3 Months Forbes
- Gold hits highest level in three months as traders worry about US inflation and bond market jitters – as it happened The Guardian
- Gold retreats as upward momentum hits pause ahead of US inflation data Reuters
- Gold Extends Rally, Clears 38.2% Fibonacci at $4,692; $4,900 Target in View KITCO
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